Davide Radi

Recent Events:

The International Conference on Difference Equations and Applications (ICDEA 2026) will be held at the Catholic University of the Sacred Heart of Milan, from 13 to 17 July 2026. Webpage of the Event: ICDEA2026

The PhD School 20th SICC International Tutorial Workshop "Topics in nonlinear dynamics" Dynamic Models for Economics and Finance, will be held at the University of Pisa, from 22 to 24 June 2026. Webpage of the Event: DyMEF26

Recent Educational Books:

Lin Jianyi, Radi Davide and Tornieri Francesco, Python per le Scienze Economiche e Sociali: Coding in preparazione alla Data Science, Giappichelli, 2025, pp. 352. ISBN 9791221117332

Refereed Journal Publications:

1. Piecewise linear feedback rules and weird quasiperiodic dynamics: Some general observations and two economic applications, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Mathematical Social Sciences, 2026, forthcoming.
2. Dynamic analysis of degradation thresholds for sustainable environmental management, with I. Sushko and F. Lamantia, Annals of Operations Research, 2026, forthcoming.
3. Weird quasiperiodic attractors in a piecewise linear Belykh map, with L. Gardini, I. Sushko and F. Westerhoff, Proceedings of the Royal Society A: Mathematical, Physical and Engineering Sciences, 2026, 482 (2334): 20250898.
4. The green transition of firms: The role of evolutionary competition, adjustment costs, transition risk, and green technology progress, with F. Westerhoff, Macroeconomic Dynamics, 2025, 29, e165.
5. Dynamics of 1D discontinuous maps with multiple partitions and linear functions having the same fixed point. An application to financial market modeling, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Physica D: Nonlinear Phenomena, 2025, 482, 134895.
6. Abundance of weird quasiperiodic attractors in piecewise linear discontinuous maps International, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, International Journal of Bifurcation and Chaos, 2025, 105, 104436.
7. On the emergence and properties of weird quasiperiodic attractors, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Chaos, Solitons & Fractals, 2025, 199, 116916.
8. On the limits of informationally efficient stock markets: New insights from a chartist-fundamentalist model, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, International Review of Financial Analysis, 2025, 105, 104436.
9. Informal networks and education choice: A dynamic macro model, with A. Cafferata and D. Ravasi, Economic Modelling, 2025, 151, 107174.
10. Benefits and Perils of Integrated Data Systems in Managing Sustainable Fishing Quotas, with F. Lamantia and G.I. Bischi, Environmental and Resource Economics, 2025, 88(11), 2845–2883.
11. Leaning against the wind in the New Keynesian model with heterogeneous expectations, with M. Anufriev, F. Lamantia and T. Tichy, Journal of Economic Dynamics and Control, 2025, 172, 104993.
12. Two-population evolutionary oligopoly with partial cooperation and partial hostility, with F. Lamantia and T. Tichy, Computational Economics, 2025, 65, pp. 763–794.
13. Insights on the Theory of Robust Games, with G. P. Crespi and M. Rocca, Computational Economics, 2025, 65, pp. 717–761.
14. On boom-bust stock market dynamics, animal spirits and the destabilizing nature of temporarily attracting virtual fixed points, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Macroeconomic Dynamics, 2024, 29, e35.
15. Correction to: Bifurcation structures of a two-dimensional piecewise linear discontinuous map: analysis of a cobweb model with regime-switching expectations, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Nonlinear Dynamics, 2024, 112(17), pp. 15621.
16. Bifurcation structures of a two-dimensional piecewise linear discontinuous map: Analysis of a cobweb model with regime-switching expectations, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Nonlinear Dynamics, 2024, 112(17), pp. 15601–156202.
17. Exchange rate dynamics and central bank interventions: On the (de)stabilizing nature of targeting long-run fundamentals interventions, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Nonlinear Dynamics, Psychology, and Life Sciences, 2024, 28(2), pp. 261–287.
18. A robust route to randomness in a simple Cournot duopoly game where ambiguity aversion meets constant expectations, with L. Gardini and D. Goldbaum, Annals of Operations Research, 2024, 337, 769–807.
19. Pricing Transition Risk with a Jump-Diffusion Credit Risk Model: Evidences from the CDS market, with G. Livieri and E. Smaniotto. Review of Corporate Finance, 2024, 4(1-2), 177--201.
20. A 2D piecewise-linear discontinuous map arising in stock market modeling: Two overlapping period-adding bifurcation structures, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff. Chaos, Solitons & Fractals, 2023, 176, 114143.
21. Sentiment-driven business cycle dynamics: An elementary macroeconomic model with animal spirits, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Journal of Economic Behavior & Organization, 2023, 210, 342–359.
22. Border collision bifurcations in a piecewise linear duopoly model, with L. Gardini, Journal of Difference Equations and Applications, 2023, 29(9-12), 1065–1093.
23. An asset pricing model with accuracy-driven evolution of heterogeneous expectations, with M. Anufriev, F. Lamantia and T. Tichy. Communications in Nonlinear Science and Numerical Simulations, 117, 106975, 2023.
24. Currency manipulation and currency wars: Analyzing the dynamics of competitive central bank interventions, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Journal of Economic Dynamics and Control, 2022, 45, pp. 104545.
25. Perception of fundamental values and financial market dynamics: Mathematical insights from a 2D piecewise linear map, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, SIAM Journal on Applied Dynamical Systems, 21(4), 2022.
26. Causes of fragile stock market stability, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Journal of Economic Behavior & Organization, 2022, 200, pp. 483–498.
27. Catastrophic and systemic risk in the non-life insurance sector: A micro-structural contagion approach, with G. Torri and H. Dvorácková, Finance Research Letters, 2022, 47(Part B), 102718.
28. Hybrid evolutionary oligopolies and the dynamics of corporate social responsibility, with T. Tichý and F. Lamantia, Journal of Economic Interaction and Coordination, 2022, 17(1), pp. 87–114.
29. A revised version of the Cathcart & El-Jahel model and its application to CDS market, with V. P. Hoang, G. Torri and H. Dvorácková, Decisions in Economics and Finance, 2021, 44(2), 669–705.
30. Hybrid dynamics of multi-species resource exploitation, with T. Tichý and F. Lamantia, Decisions in Economics and Finance, 2021, 44(2), 559–577.
31. Offshoring, reshoring, unemployment and wage dynamics in a two-country evolutionary model, with F. Lamantia and G.I. Bischi, Macroeconomic Dynamics, 2021, 25(3), 705–732.
32. Residential segregation: The role of inequality and housing subsidies, with P. Harting, Journal of Economic Behavior & Organization, 2020, 178, 801–819.
33. Chaos, border collisions and stylized empirical facts in an asset pricing model with heterogeneous agents, with M. Anufriev and L. Gardini, Nonlinear Dynamics, 2020, 102, 993–1017.
34. Modeling CDS spreads: A comparison of some hybrid approaches, with L. V. Ballestra and G. Pacelli, Journal of Empirical Finance, 2020, 57:107–124.
35. On the Numerical Solution of Ordinary, Interval and Fuzzy Differential Equations by Use of F-Transform, with L. Sorini and L. Stefanini, Axioms, 2020, 9(1):15.
36. Does the ‘uptick rule’ stabilize the stock market? Insights from Adaptive Rational Equilibrium Dynamics, with F. Dercole, Chaos, Solitons & Fractals, 2020, 130:109426.
37. Valuing strategic investments under stochastic interest rates: A real option approach, with L. V. Ballestra and G. Pacelli, Corporate Ownership and Control, 2019, 16(3):89–97.
38. Some reflections on past and future of nonlinear dynamics in economics and finance, with M. Anufriev and F. Tramontana, Decisions in Economics and Finance, 2018, 41(2), 91–118.
39. Piecewise smooth model of evolutionary game for residential mobility and segregation, with L. Gardini, Chaos: An Interdisciplinary Journal of Nonlinear Science, 2018, 28(5), 055912.
40. Evolutionary technology adoption in an oligopoly market with forward-looking firms, with F. Lamantia, Chaos: An Interdisciplinary Journal of Nonlinear Science, 2018, 28(5), 055904.
41. On the stochastic sensitivity and noised-induced transitions of a Kaldor-type business cycle model, with I. Bashkirtseva, L. Ryashko and T. Ryazanova, Computational Economics, 2018, 51(3), 699–718.
42. Walrasian versus Cournot behavior in an oligopoly of boundedly rational firms, Journal of Evolutionary Economics, 2017, 27(5), 933–961.
43. Robust games: Theory and application to a Cournot duopoly model, with P. G. Crespi and M. Rocca, Decisions in Economics and Finance, 2017, 40(1-2), 177–198.
44. Valuing investment projects under interest rate risk: Empirical evidence from European firms, with L. V. Ballestra and G. Pacelli, Applied Economics Incorporating Applied Financial Economics, 2017, 49(56), 5662–5672.
45. Computing the survival probability in the Madan-Unal credit risk model: Application to the CDS market, with L. V. Ballestra and G. Pacelli, Quantitative Finance, 2017, 17(2), 299–313.
46. A note on Fergusson and Platen: "Application of maximum likelihood estimation to stochastic short rate models”, with L. V. Ballestra and G. Pacelli, Annals of Financial Economics, 2016, 11, 1650018 (7 pages).
47. A very efficient approach to compute the first-passage probability density function of the time-changed Brownian motion: Application to finance, with L. V. Ballestra and G. Pacelli, Physica A: Statistical Mechanics and its Applications, 2016, 463, 330–344.
48. A very efficient approach for pricing barrier options on an underlying described by the mixed fractional Brownian motion, with L. V. Ballestra and G. Pacelli, Chaos, Solitons & Fractals, 2016, 87, 240–248.
49. Evolutionary competition between boundedly rational behavioral rules in oligopoly games, with F. Lamantia and Lorenzo Cerboni Baiardi, Chaos, Solitons & Fractals, 2015, 79, 204–225.
50. Entry limitations and heterogeneous tolerances in a Schelling-like segregation model, with L. Gardini, Chaos, Solitons & Fractals, 2015, 79, 130–144.
51. On a discrete-time model with replicator dynamics in renewable resource exploitation, with G. I. Bischi and L. Cerboni Baiardi, Journal of Difference Equations and Applications, 2015, 21(10), 954–973.
52. Use of Chebyshev Polynomial Kalman Filter for pseudo-blind demodulation of CD3S signals, with Y. Moussa, L. Gardini and V. Freschi, International Journal of Control, Automation, and Systems, 2015, 13(5), 1–8.
53. An evolutionary Cournot model with limited market knowledge, with G.I. Bischi and F. Lamantia, Journal of Economic Behavior & Organization, 2015, 116, 219–238.
54. Valuing strategic investments under stochastic interest rates: A real option approach, with L. V. Ballestra and G. Pacelli, International Journal of Management Cases, 2015, 17(4), 35–44 (Special issue 13th SGBED Conference).
55. Exploitation of renewable resources with differentiated technologies: An evolutionary analysis, with F. Lamantia, Mathematics and Computers in Simulation, 2015, 108, 155–174.
56. The role of constraints in a segregation model: The asymmetric case, with L. Gardini and V. Avrutin, Discrete Dynamics in Natural and Society, Article ID 569296, 2014.
57. The role of constraints in a segregation model: The symmetric case, with L. Gardini and V. Avrutin, Chaos, Solitons & Fractals, 2014, 66, 103–119.
58. Reaching consensus on rumors, with U. Merlone, Physica A: Statistical Mechanics and its Applications, 2014, 406, 260–271.
59. A prey-predator fishery model with endogenous switching of harvesting strategy, with G. I. Bischi and F. Lamantia, Applied Mathematics and Computation, 2013, 219(20), 10123–10142.
60. Multi-species exploitation with evolutionary switching of harvesting strategies, with G. I. Bischi and F. Lamantia, Natural Resource Modeling, 2013, 26(4), 546–571.
61. An extension of the Antoci–Dei–Galeotti evolutionary model for environment protection through financial instruments, with G. I. Bischi, Nonlinear Analysis: Real World Applications, 2012, 13(1), 432–440.
62. Financial tools for the abatement of traffic congestion: A dynamical analysis, with A. Antoci and M. Galeotti, Computational Economics, 2011, 38(3), 389–405.

Editorials:

Foreword to the special issue on “Discrete time dynamic modelling in economics, finance and social sciences”, with A. Panchuk, I. Sushko, F. Tramontana, Decisions in Economics and Finance, 2025, 48(2), 1553–1556.
Nonlinear dynamics and game-theoretic modeling in economics and finance, with G.I. Bischi, L. Cerboni Baiardi, F. Lamantia, Annals of Operations Research, 2024, 337, 731–737.
Foreword of the Special Issue: Nonlinear Models and Tools in Economics, Finance and Social Sciences, with L. Gardini and F. Tramontana. Communications in Nonlinear Science and Numerical Simulations, 2023, 119, 107078.
Foreword of the Special Issue: Nonlinear Economic Dynamics (2019), with L. Gardini and F. Tramontana. Journal of Economic Interaction and Coordination, 2022, 17(1), 1-2.
Nonlinear dynamics in economic modelling, with L. Gardini, F. Lamantia, F. Szidarovszky and F. Tramontana. Decisions in Economics and Finance, 2021, 44(2), 485–487.
Proceedings of the MDEF (Modelli Dinamici in Economia e Finanza – Dynamic models in economics and finance) workshop, Urbino 6th–8th September 2018, with L. Gardini and F. Tramontana. Chaos, Solitons & Fractals, 2020, 132, 109523.

Refereed Conference Proceedings:

A quantitative assessment of interest rate uncertainty in real option analysis, with L.V. Ballestra and G. Pacelli. In: Corporate Governance: Search for the Advanced Practices, Rome, 2019. DOI:10.22495/cpr19a1
Evolutionary competition of behavioral rules in oligopoly games with memory, with F. Lamantia. In: Proceedings of the 9th International Scientific Conference on Managing and Modelling of Financial Risks, VŠB-Technical University of Ostrava, Faculty of Economics, Department of Finance, 2018. ISBN 978-80-248-4225-7.
An Asset Pricing Model with Heterogeneous Beliefs: Stubborn versus Fickle Traders, with F. Lamantia. In: Proceedings of the 9th International Scientific Conference on Managing and Modelling of Financial Risks, VŠB-Technical University of Ostrava, Faculty of Economics, Department of Finance, 2018. ISBN 978-80-248-4225-7.
Fuzzy differential equations by fuzzy-transform, with Radi D. and Stefanini. In: Fuzzy Information Processing Society (NAFIPS) held jointly with 2015 5th World Conference on Soft Computing (WConSC), 2015 Annual Conference of the North American, IEEE, Redmond, WA, 2015, pp. 1–6. DOI: 10.1109/NAFIPS-WConSC.2015.7284180.
Minority influence in opinion spreading, with U. Merlone and A. Romano, In: 2015 Winter Simulation Conference (WSC), IEEE, Huntington Beach, CA, pp. 3997 - 4008, DOI:10.1109/WSC.2015.7408554.
Does the volatility of interest rates affect the value of investment projects? A real option investigation, with L. V. Ballestra and G. Pacelli. In: Referred Proceedings of the 13th International Conference of the Society for Global Business and Economic Development Managing the “Intangibles”: Business and Entrepreneurship Perspectives in a Global Context, Ancona 16-18 July 2014 Università Politecnica delle Marche, pp. 137–146 ISBN:978-88-907795-7-2.

Articles in Edited Volumes:

Knowledge spillovers, congestion effects, and long run location patterns, with G.I. Bischi, M. Kopel and F. Lamantia (2017). In, P. Commendatore, M. Kopel, I. Kubin, S. Bougheas, A. Kirman, M. Kopel and G. I. Bischi (eds.) The Economy as a Complex Spatial System, Springer Proceedings in Complexity. Springer, Cham, pp. 192-2015.
Evolutionary oligopoly games with heterogeneous adaptive players, Bischi G.I. and F. Lamantia (2017). In, L. C. Corchón and M. Marini (eds.) Handbook of Game Theory and Industrial Organization, Volume I, Theory. Edward Elgar Publishing, Cheltenham UK and Northampton MA USA, 2018.
Lecture notes on Dynamical Systems in Economics and Finance, with G.I. Bischi and F. Lamantia (2016). In, Bischi G.I., Panchuck A. and Radi D. (eds.) 'Qualitative Theory of Dynamical Systems, Tools and Applications for Economic Modelling'. Springer, Cham, 2016, pp.183-194.
Dynamic Modeling in Renewable Resource Exploitation, with F. Lamantia and L. Sbragia (2016). In, Bischi G.I., Panchuck A. and Radi D. (eds.) 'Qualitative Theory of Dynamical Systems, Tools and Applications for Economic Modelling'. Springer, Cham, 2016, pp. 183-194.
Opinion dynamics on networks, with U. Merlone and A. Romano (2016). In, Commendatore P., Matilla-Garcia, M., Varela, L.M., Cánovas, J.S. (eds.) Complex Networks and dynamics: Social and economics interactions, Lecture Notes in Economics and Mathematical Systems, vol 683. Springer, Cham, 2016, pp. 49–63.

Book Reviews

Continuous and Discontinuous Piecewise-Smooth One-Dimensional Maps. Invariant Sets and Bifurcation Structures, by V. Avrutin, L.Gardini, I. Sushko, and F. Tramontana, World Scientific Series on Nonlinear Science Series A: Volume 95, 2019, ISBN: 978-981-4368-82-7, Journal of Difference Equations and Applications, 2021, 27(8), 1259–1261.

Ph.D. Thesis:

Essays on Nonlinear Dynamics, Heterogeneous Agents and Evolutionary Games in Economics and Finance, 2014, DTs in Economics, Applied Mathematics and Operational Research, available online: READ .

Working Papers

Pricing Transition Risk with a Jump-Diffusion Credit Risk Model: Evidences from the CDS market, with G. Livieri and E. Smaniotto. Preprint arXiv:2303.12483, 2023 - arxiv.org.
Remarks on the paper: "Non-existence of Shilnikov chaos in continuous-time systems", with L. Gardini. Preprint arXiv:1404.1463, 2014 - arxiv.org.

Google Sites

Report abuse